A price index of lumber and panels used in actual construction for Sept. 30, 2011
*Western - regional species perimeter foundation; Southern - regional species slab construction.
Crow's Market Recap -- A condensed recap of the market conditions for the major North American softwood lumber and panel products as reported in Crow's Weekly Market Report.
Lumber: Prices in the SPF market were weak in both the East and West, as mills tried to find levels in which to bolster eroded order files. Early on, mill quotes dropped to those levels traded the week prior at the secondary level, and losses in futures helped generate lower quotes as the week progressed. Southern Pine lumber mills raised quotes $5 to $15 and had some measure of success at the new levels, but volumes sold were notably less than the few weeks prior. In Coastal species, moderate month-end discounting was used to move both dry and green volumes. Wide widths remained generally weaker than narrows. The market for Inland lumber was quiet. Some buyers sat on the sidelines waiting for a bargain to come along. Even then, need was the determining factor in making the pu